Finance workers pay most tax
Individuals working in the financial services sector accounted for the largest share of income tax payments made via PAYE in 2016-17, the seventh year in a row that finance workers have topped the list according to HMRC data
8 Aug 2018
HMRC publishes an annual table showing the percentage distribution of income tax deducted from pay by industry.
Financial and insurance activities accounted for 16.8% of income tax totals in 2014-15, falling to 16.6% in 2015-16 and increasing to 17.1% in 2016-17.
The second biggest contributor was the professional, scientific and technical activities sector which accounted for 11.3% of tax in 2014-15, increasing to 12.2% in 2015-16 and staying at 12.2% in 2016-17.
Motor vehicle and motorcycle wholesalers and retailers came third, accounting for 10.3% in 2014-15 and 2015-16, increasing slightly to 10.4% in 2016-17.
The sector whose employees made the smallest tax contribution was agriculture, forestry and fishing, responsible for just 0.3%.
Income tax deducted from pay is here
Report by Pat Sweet